Entry to record estimated uncollectible accounts receivables

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Reference no: EM13790742

Allowance for Doubtful Accounts has a credit balance of $460 at the end of the year (before adjustment), and bad debt expense is estimated at 2% of net sales. If net sales are $666,297, the amount of the adjusting entry to record the estimated uncollectible accounts receivables is

Select the correct answer.

$460

$13,326

$12,866

$13,786

Reference no: EM13790742

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